22nd A2ii-IAIS Consultation Call on "The Importance of Insurance Regulation in Disaster Resilience", 18 May 2017

There is growing awareness of the exposure of countries, private and public sector entities and individuals to potentially crushing economic loss as the result of natural disasters. There is also a recognition that the insurance sector has an important role to play in helping to assess risk, promoting loss prevention and mitigation and in risk financing for sovereigns, sub-sovereigns and others. This call explored the important role that insurance regulation plays in facilitating the deployment of insurance sector resources at the macro, meso and micro level in a given country or region to enhance resiliency to natural catastrophes. In the call we discussed the scale and nature of the exposure, specific laws and regulations that could facilitate - or impede - deployment of insurance sector resources.